How will projects secure seed capital?
Every participant will receive 4 euros as seed capital for her/his project. Directly after the team building during the Summer School, every team account at our partner bank will be credited with the seed money. Every team will have 8 to 16 euros as seed capital, according to the number of team members.
Whether you spend it on the printing of your business cards or buy some balloons – it’s up to you and your team to decide. This bank account is your project account and it is available for money transfer during the competition phase. It does not have an overdraft privilege. The investment of your own money in the project is prohibited: if you need more capital, your team has to “earn” it or attract donations.